Ed Slott, CPA, and Bob Keebler, CPA/PFS, discuss the complicated inherited IRA RMD rules and what is required in 2023 and 2024 in this episode of the PFP Section podcast. Ed and Bob provide clarity in the following areas:
An easy formula to use to get clear on all of the elements that need to be considered
The only scenario in which penalty relief is available when the RMD is not taken
Who must take RMDs in years 1 through